The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s progress in slowing inflation is under serious threat, as rising energy, food and transport costs begin to push prices up again, putting more pressure on households and businesses. In its reaction to the March 2026 inflation report released by the National Bureau …
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economy is facing rising risks from slowing growth, high debt, and increasing global uncertainty, calling on countries to take urgent and coordinated action. In the IMF’s latest Global Policy Agenda, Georgieva stated that the world is at a critical …
Nigeria’s inflation rate rose slightly to 15.38 per cent in March from 15.06 per cent recorded in February, as a sharp jump in prices within the month heightened concerns about the cost of living. The latest figures were released by the National Bureau of Statistics on Wednesday. Despite the uptick, inflation remains significantly lower than …
Residents of the Makoko waterfront in Lagos have rejected plans to relocate them from their ancestral homes, nearly three months after a mass demolition displaced thousands, insisting instead on being included in a United Nations-backed urban development project. This is according to a press statement signed by community leaders and representatives and sent to Pinnacle …
Nigeria’s total public debt rose sharply in the last quarter of 2025 to ₦159.28 trillion, even as the naira strengthened against the US dollar, pointing to increased borrowing rather than currency pressure as the main driver of the surge. The latest figure was released on Tuesday by the National Bureau of Statistics (NBS). It shows …
The International Monetary Fund (IMF) has lowered Nigeria’s economic growth forecast for 2026 to 4.1 per cent, citing the impact of the ongoing Middle East war on energy prices and global supply chains. The downgrade was announced during the IMF and World Bank Spring Meetings in Washington, D.C., where officials warned that rising fuel costs …
Ecobank Transnational Incorporated (ETI) delivered solid growth in 2025, but a loss in its Nigerian business and a rising tax exposure across its subsidiaries cast a shadow over an otherwise strong performance. The pan-African banking group grew earnings, expanded its balance sheet, and improved efficiency, according to a Pinnacle Daily review of its 2025 audited …
The 2025 financial year has revealed a clear shift in where growth is coming from for two of Nigeria’s most valuable banks — Zenith Bank Group and Guaranty Trust Holding Company (GTCO). A review of their 2025 audited financial results revealed that while home operations in Nigeria and some developed markets like the United Kingdom …
Africa’s richest man, Aliko Dangote, is advancing plans to list his oil-refining business across multiple stock exchanges on the continent in what could become a landmark transaction for African capital markets. The proposed share sale for Dangote Petroleum Refinery and Petrochemicals is being structured as a cross-border listing, according to a report by Bloomberg on …
Nigeria’s gross external reserves have come under sustained pressure over the past month, shedding more than $1.18 billion between March 11 and April 9, 2026, amid persistent market interventions and rising global uncertainty. Data from the Central Bank of Nigeria (CBN) shows the reserves declined from a peak of $50.03 billion on March 11 to …
